In the first article of this series we introduced Schrödinger's equation and in the second we saw it in action using a simple example. But how should we interpret its solution, the wave function? What does it tell us about the physical world?

In the previous article we introduced Schrödinger's equation and its solution, the wave function, which contains all the information there is to know about a quantum system. Now it's time to see the equation in action, using a very simple physical system as an example. We'll also look at another weird phenomenon called quantum tunneling.

In the 1920s the Austrian physicist Erwin Schrödinger came up with what has become the central equation of quantum mechanics. It tells you all there is to know about a quantum physical system and it also predicts famous quantum weirdnesses such as superposition and quantum entanglement. In this, the first article of a three-part series, we introduce Schrödinger's equation and put it in its historical context.

Many people's impression of mathematics is that it is an ancient edifice built on centuries of research. However, modern quantitative finance, an area of mathematics with such a great impact on all our lives, is just a few decades old. The Isaac Newton Institute quickly recognised its importance and has already run two seminal programmes, in 1995 and 2005, supporting research in the field of mathematical finance.